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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio. u's called the gdp to debt ratio. obama came in with the 10% to debt to gdp ratio. he has it down to 4%. they sate's going to down to 2%. those are not great talking points for republicans. >> david does the massive deficit debt reduction hurt job growth. >> we would be much better off i
we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what...
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deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush, dropped under clinton, grew under bush. how weather is the reaction to this? john boehner said nothing. and others say it's a report of out of scroll spending even though it's the opposite. and the g.o.p. will get together to vote to repeal obama-care for the 37th time. let's go to pat in world world news. >> thank you for having me. >> john: we did work with this president. we did help to bring the deficit down together, our policies are working. have you heard any reaction from "b" this? has this humbled an
deficit hogs. after so many complaints that president obama is leading us down this dark well of never ending debt, a well that george w. push dug, the debt is stranging faster than anybody expected. the shortfall projection is 25% lower than they said it will be a few months ago and it's supposed to keep on dropping. by 2015 the deficit should total 2% over the total gross domestic product. and when president bush held office it was just over 10%. it deflates under democrats. grew under bush,...
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the deficit, the projection that it is more than expected. that pushes a fight on the debt ceiling. they feel like if they get accomplishments the scandals will fade. >> all right, dana bash, gloria borger, let me know what you think, follow me on anderson cooper. coming up, boston strong, a month later, we're here on the one-month anniversary of the bombings. the manhunt for the suspects and what really happened that night in the shootout in watertown. you're actually looking at live images here on boylston street. feel better, a lot of people feel the city is moving forward and is strong. >>> also, new information on ariel castro's house. we're getting more information from law enforcement about what allegedly went on inside the house. lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. ♪ fly me to the moon ♪ let me pl
the deficit, the projection that it is more than expected. that pushes a fight on the debt ceiling. they feel like if they get accomplishments the scandals will fade. >> all right, dana bash, gloria borger, let me know what you think, follow me on anderson cooper. coming up, boston strong, a month later, we're here on the one-month anniversary of the bombings. the manhunt for the suspects and what really happened that night in the shootout in watertown. you're actually looking at live...
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let's not put immigration and let's not put deficit reduction on the back burner. >> the deficit will be down 2.1% of gdp by 2015 which is well within the range that economists think it should be. the hatred of the president, and chris is right about this. much of it is rooted in race i. it is so intense that there is no interest in dealing with these other issues. also, republicans are deeply divided on everything except trying to repeal the affordable care act which isn't going to happen. so they'll focus on the scandals. a way for boehner, for mccould not to appease the tea party. and i think you asked a smart question. i think this could come back and bite the republicans politically. look back to 1998 when there was an intense effort to impeach president clinton. the democrats went out there in the mid-term and said, impeachment, scandals, it is all they're talking about. we ought to be talking about education, social security, the environment which were the real issues at that time. and the republicans got spanked badly in that mid-term election. the democrats defied history and
let's not put immigration and let's not put deficit reduction on the back burner. >> the deficit will be down 2.1% of gdp by 2015 which is well within the range that economists think it should be. the hatred of the president, and chris is right about this. much of it is rooted in race i. it is so intense that there is no interest in dealing with these other issues. also, republicans are deeply divided on everything except trying to repeal the affordable care act which isn't going to...
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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the federal deficit is shrinking faster than expected. the congressional budget office estimates the deficit for this fiscal year will fall to $642 billion. 200 billion what they forecast in february. and the cbo says the deficit should keep improving through 2015, when it's projected to drop to $378 billion. in part, they credit tax revenue and better than expected bailout repayments. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. thanks, olivia. thank you. so you can make a payment from your cell to almost anyone's phone or email. (speaking french) so you can express your gratitude... in the moment. chase quic
the federal deficit is shrinking faster than expected. the congressional budget office estimates the deficit for this fiscal year will fall to $642 billion. 200 billion what they forecast in february. and the cbo says the deficit should keep improving through 2015, when it's projected to drop to $378 billion. in part, they credit tax revenue and better than expected bailout repayments. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford...
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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over taxes and whether they include that as part of a deficit package. they feel president has been the offensive since the beginning of his second term. this is the first time they feel they have something to really pound the administration on. and i don't that you really sense any sort of shift other than they feel like they can continue to throw bombs up here. >> all right. thank you so much. see you soon. >> thank you. >>> up next, an issue that he also knows about there on the hill. what congress is not focusing on amid the distractions. "the cycle" roe on for thursday, may 16th. ♪ ♪ ♪ (vo) purina cat chow. 50 years of feeding great relationships. with one extraordinary purpose... to get "man of steel" advanced screening tickets. [ movie announcer voice ] at walmart. see "man of steel" at your local theater before anyone else. get in line 8 a.m. may 18th at walmart. rated pg-13. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ [
over taxes and whether they include that as part of a deficit package. they feel president has been the offensive since the beginning of his second term. this is the first time they feel they have something to really pound the administration on. and i don't that you really sense any sort of shift other than they feel like they can continue to throw bombs up here. >> all right. thank you so much. see you soon. >> thank you. >>> up next, an issue that he also knows about...
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. lovely read susan. may i read something? yes, please. of course. a rich, never bitter taste cup after cup. 340 grams. [ sighs ] [ male announcer ] always rich, never bitter. gevalia. >>> it may seem hard to believe that you're not experiencing day sha 52 h
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for...
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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but the gop deficit hawks apparently didn't care about that story. beaten at the ballot box, the republican party is unified around one thing. the hunt for scandal. that's so sad. and so is their once proud party. joining me now is congressman joe crowley, democrat from new york and member of the ways and means committee. host of melissa harris-perry, thank you for coming on tonight. >> hi. >> is the congress more discussed and somehow link anything -- >> right. >> an accident on the street, an aunt gets crushed and it was really sad today, sitting in the committee we all were anticipating, working in the bipartisan way. what happened was outrageous. all of us are outraged about anything done improperly by the irs, by the justice department. but i think you made the point that we've all been trying to show how you came into the hearing and hysteria. listen to all of this. >> the president has been very forthright and i would really ask the questions, get the facts, and then we can draw our own conclusions. >> i mean, the fact that they are trying to
but the gop deficit hawks apparently didn't care about that story. beaten at the ballot box, the republican party is unified around one thing. the hunt for scandal. that's so sad. and so is their once proud party. joining me now is congressman joe crowley, democrat from new york and member of the ways and means committee. host of melissa harris-perry, thank you for coming on tonight. >> hi. >> is the congress more discussed and somehow link anything -- >> right. >> an...
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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one, the deficit is an issue. it's not necessarily people want spending cut or revenue increase but being in favor or being made to look like you are in favor of the deficit is a political problem. >> that's why the president didn't take a victory lap on it. >> yeah. if you say the deficit is a problem and needs to be reduced, how would you do it? democrats when they talk about the budget deficit typically talk about let's think about defense spending and talk about revenues. it. >> ist seems like the democrats are chasing the wrong rabbit. i think they ought to talk about a second stimulus to get americans back to work. >> they should. spairnth the president will come up with that. his discussion in baltimore talking about jobs first of all, is the right issue for most americans. it's not any of these scandals. that's not the number 1 thing most americans are thinking about jobs. almost every day the dow or s and p sets a new record? >> almost every day. yesterday was a little bit of a pull back but only a little
one, the deficit is an issue. it's not necessarily people want spending cut or revenue increase but being in favor or being made to look like you are in favor of the deficit is a political problem. >> that's why the president didn't take a victory lap on it. >> yeah. if you say the deficit is a problem and needs to be reduced, how would you do it? democrats when they talk about the budget deficit typically talk about let's think about defense spending and talk about revenues. it....
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the whole intellectual edifice collapsed, global cooling, expansionary austerity, that the deficit was going to ruin the united states and that the economy wasn't growing jobs and benghazi collapsed. now we're down to the cincinnati office of the irs. that's what we're going to have to deal with here for the next month and i think the president needs to get ahead of it and probably put a new person in there and find out what happened and report to the american people and it will burn itself out, too, and it will move to the next thing. >> the "new york times" as peter baker wrote today this is getting a lot of play social media wise, but the president has talked longingly of going forward. a reference to the 1998 warren beatty movie to say what he really thought. right now, people on the right think that the president legitimized the irs issue as a real scandal and there is something for them to grab on to and put their teeth around. >> that's what they're down there. remember that the earth is warm and that the economy is growing, the deficit is shrinking, that health care costs are f
the whole intellectual edifice collapsed, global cooling, expansionary austerity, that the deficit was going to ruin the united states and that the economy wasn't growing jobs and benghazi collapsed. now we're down to the cincinnati office of the irs. that's what we're going to have to deal with here for the next month and i think the president needs to get ahead of it and probably put a new person in there and find out what happened and report to the american people and it will burn itself...
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we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so well. this predent mig be saved. by comparison it is doing bter than it was. richard nixon was not so fortunate. >> i think you bring up a good point with looking at nixon and lousy economy. that probabl had a lot to do with the lousy economy. i don't think that scandal in washington affects our markets that much, if it did, i am sure we would not be as well off as we are, scandals in washington have been happening since washington, it is important we remember that what creates strong economies are jobs and government working with citizens to build its economy. >> what if people question that go
we seemed that we were getting and budget deficits, oh, my god everyone can relax, get the economy go. then we have that wet blanket all over. depending how deep and ugly it -ets it will abfe affect the consumer. making a decision. and it could have a negative effect. neil: malia, i think every time you have a potential of a scandal. economic backdrop has a lot to say whether the scandals do that president in. i think. bill clinton of saved in large part becauseethe economy everything doing so...
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jared, the deficit is actually declining. unemployment figures are going down steadily. housing's rebounding. we've had a bull market for some time. why won't john boehner smile? >> well, it was interesting to hear him say, you know, our main focus is jobs. boy, you'd be really hard pressed to pull that out of what looks like their main focus right now which is benghazi and the irs and anything else that they can distract them from the economy. look, i do think there is improvement in the economy, obviously in the sectors you mentioned. and, boy, if you compare it to where we were when the president took office, i was there back then. the gdp contracted 9%. jobs were falling at a rate of almost 800,000 per month. i'm back in january of 2009. and the president took office and implemented a set of policies, including stimulus, financial market interventions, that turned that around relatively quickly. that said, there are still lots of families that aren't doing as well as they should be in part because much of the growth, as you also mentioned, has been kind of funneling
jared, the deficit is actually declining. unemployment figures are going down steadily. housing's rebounding. we've had a bull market for some time. why won't john boehner smile? >> well, it was interesting to hear him say, you know, our main focus is jobs. boy, you'd be really hard pressed to pull that out of what looks like their main focus right now which is benghazi and the irs and anything else that they can distract them from the economy. look, i do think there is improvement in the...
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we have seen the likes of france, spain being given more time to reach their deficits. yes, the pressure to see the fiscal consolidation continues. the pressure for structural reforms, that's not going to change. they're needed to boost growth. the likes of france in particular, talks here, the need to push forward with structural reforms, open question. >> all right. julia, plenty more to come. thanks for that. >>> meanwhile, the prime minister isn't willing to keep his government going at any cost. he had a meeting in tuscany. the tensions with the coalition are up. sill view yeah berlusconi, they were accusing of trying to eliminate him politically. they're outlining the government's agenda here on cnbc and explaining the steps they're taking to try to boost the economy and reduce the deficit. >> it is going to be redesigned in such a way not to increase the deficit and to stay within those limits. as i said, thanks to the kind of policies that were followed in the last few years, we have already gained some room of maneuver within the 3% margin. we are not above or
we have seen the likes of france, spain being given more time to reach their deficits. yes, the pressure to see the fiscal consolidation continues. the pressure for structural reforms, that's not going to change. they're needed to boost growth. the likes of france in particular, talks here, the need to push forward with structural reforms, open question. >> all right. julia, plenty more to come. thanks for that. >>> meanwhile, the prime minister isn't willing to keep his...
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May 14, 2013
05/13
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laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be moreof a swing? >> i spent six months preparing thi report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does nohave a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was taught brevity is the soul of wind and i tried to right things as long as they need to be. we lookt the differerence between the typical immigration scenario and reported in the paper the facts on labor statistics frommmigrants and higher than native-bo and out of the research lititerature and that is arithmetic. >> that is a complicated at all. >> what is the correlation between high school college degree is it petraeus agrees and employment levels? is there one. >> no question as your education goes up the unemployment rate goesown andkills are at a premium in the global economy. lou: 11 milon immigrants more than half d
laughter] he has numbers that says instead of what you say in your report it would reduce the overall deficit by 2.5 trillion dollars it could not be moreof a swing? >> i spent six months preparing thi report 80 pages long in the appendix describes the methodology over 30 pages so everybody could look in a my analysis and mr. egan does nohave a steady but basically a press release about a study he might do he has provided about a page and a half of the information. >> i was taught...
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right guys the social security or medicare caps federal spending that would lead to reductions in the deficit a lot of what happened it was not us today it was whether you had to degrees you've got this right austerity you've got this graphic up here you know i think the more corrupt the state the more it legislates i see progress in this we don't need all these things you know usually i mean this is where we're going to be a political stance to it because you've got one policy. spectrum you sort of quickly you can believe the democrats are going to some completely insane you does she believe that obama is a socialist that's how crazy the republicans are going to bottom line or you're not going to get anything that nothing even you. know because you just rats won't do it here's the real head of the way he just called the tea party the taliban on era believe it was yesterday or today so you know you've got both sides are very telling it's not about a single pale and that was a c.p.a. understand he got really well here to break her out there calling names they just don't understand what the one
right guys the social security or medicare caps federal spending that would lead to reductions in the deficit a lot of what happened it was not us today it was whether you had to degrees you've got this right austerity you've got this graphic up here you know i think the more corrupt the state the more it legislates i see progress in this we don't need all these things you know usually i mean this is where we're going to be a political stance to it because you've got one policy. spectrum you...
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May 15, 2013
05/13
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CURRENT
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there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21 million private sector job net increase. we had the biggest budget surplus in american history. those are not coincidental. those are related. more people working. more people paying taxes. fewer people on food stamps or unemployment benefits. >> meanwhile, republicans continue to preach and act as if the number 1 problem facing this country is the size of the debt and the size of the deficit. right? >> spending. >> spending. >> and, you know, it's really what they really mean is cutting any social programs or cutting programs to help the poor and the midd
there is no real evidence they want to reduce the deficit. they continue to preach austerity even though it's hurt our economic growth. contemporary politics around the world show that. so the budget deficit's come down partly because we have cut a lot of spending. in some cases as you look around now, far too much spending in some cases but the main reason is economic growth. and our view all along has been if you focus on jobs the deficit comes down. look at what happened in the 1990s, 21...
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are actually banned in other countries and that's because they're carcinogenic and cause attention deficit disorder and kids yet today they're in almost all of the foods in the grocery story that's incredible it's incredible so eighty medically modified foods. jason eighty percent of the foods my statistics are right of packaged foods today contain g.m.o. ingredients genetically modified organisms exactly of one sort or another i mean well here's a statistic that's kind of interesting the average american weighs about one hundred seventy nine pounds but you know that on average we eat one hundred ninety three pounds of genetically modified food each and every year so this is something that we really need to get to the bottom of this and we need to show consumers how it is we're going to identify these genetically modified ingredients in our foods so how do you do that. well that's where we wrote that food court with and one of the main reasons we want to make sure that every single time the consumer comes up in the grocery store aisle and they come up against a food we show them hey this f
are actually banned in other countries and that's because they're carcinogenic and cause attention deficit disorder and kids yet today they're in almost all of the foods in the grocery story that's incredible it's incredible so eighty medically modified foods. jason eighty percent of the foods my statistics are right of packaged foods today contain g.m.o. ingredients genetically modified organisms exactly of one sort or another i mean well here's a statistic that's kind of interesting the...
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May 15, 2013
05/13
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CNNW
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president but while the scandals swirl there is a little teenie bit of good news getting ground out, the deficit problem may be slowing -- not disappearing -- slowing. breaking news out of the arab world. an al qaeda backed suicide attack is foiled in egypt. the reported target? western embassies. we'll have an update when "the we'll have an update when "the lead" continues. b positive?? have you eaten today? i had some lebanese food for lunch. i love the lebanese. i... i'm not sure. enough of the formalities... lets get started shall we? jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dracula volunteering at a blood drive. we have cookies... get happy. get geico. fifteen minutes could save you fifteen percent or more. peoi go to angie's listt for to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find reviews on everything from home repair to healthcare. now that we're expecting, i like the fact that i can go onto angie's list and look for pe
president but while the scandals swirl there is a little teenie bit of good news getting ground out, the deficit problem may be slowing -- not disappearing -- slowing. breaking news out of the arab world. an al qaeda backed suicide attack is foiled in egypt. the reported target? western embassies. we'll have an update when "the we'll have an update when "the lead" continues. b positive?? have you eaten today? i had some lebanese food for lunch. i love the lebanese. i... i'm not...
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May 16, 2013
05/13
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 16, 2013
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just four years ago, the deficit was over 10% of our g.d.p. this year it's projected to fall below 5%. half of what it was just four years ago. now, i understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle who just as they did in the summer of 2011, unfortunately, tried just last week to manufacture another debt crisis where nonexists. i would note that it was only a few months ago we worked together on a bipartisan fashion to suspend the debt limit. on the heels of our new year's day compromise and the tax portions of the fiscal cliff, my republican colleagues recognized the dangers of yet another debt showdown on the markets and on the possibility of downgrading u.s. credit worthiness, but rather than build on that rare moment of ipartisan cy -- bipartisan comity and put our nation back on a path of financial responsibility, house republicans doubled down. they pushed ahead with their cut, spend at any cost agenda. they pushed through a continuing resolution that baked in the harmful c
just four years ago, the deficit was over 10% of our g.d.p. this year it's projected to fall below 5%. half of what it was just four years ago. now, i understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle who just as they did in the summer of 2011, unfortunately, tried just last week to manufacture another debt crisis where nonexists. i would note that it was only a few months ago we worked together on a bipartisan fashion to suspend the...
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May 15, 2013
05/13
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FBC
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 15, 2013
05/13
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question question t administration is back on its heel, things like immigration, gun reform, maybe a deficit deem or entitlement form. in other words, republican, we had mitch mcconnell, senator mcconnell on our show last night. republicans are moving on the aumpls. they will use these hearings, whether it's benghazi the secret appearance of the a.p. phone calls or the irs. the republicans smell blood for 2014. so the president is noeft most certainly on his heels. he needs to make a dramatic announcement. i could be dead wrong, timer. maybe out of the blue, we're not figuring this, there is an announcement about something like syria. sometimes presidents will do this for national security purposes. maybe. maybe. i don't know anything about that. all i know is he met with the treasury team a few hours ago. that meeting, i think, is going to look into this announcement. i think one leads to the other. >> you can almost hear the gop recalculating how they're going to go about attacking the administration's second term agenda at this point. >> absolutely. the question sheer about the democrats
question question t administration is back on its heel, things like immigration, gun reform, maybe a deficit deem or entitlement form. in other words, republican, we had mitch mcconnell, senator mcconnell on our show last night. republicans are moving on the aumpls. they will use these hearings, whether it's benghazi the secret appearance of the a.p. phone calls or the irs. the republicans smell blood for 2014. so the president is noeft most certainly on his heels. he needs to make a dramatic...
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May 18, 2013
05/13
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MSNBC
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time to get his second term agenda accomplished, which, of course, includes immigration reform and deficit reduction. alex? >> kristen we will kerr from the white house, thank you so much. >>> to catch a thief. the vanishing act for more than $1 million in jewelry at the world's most famous film festival. tter. so now i can help make this a great block party. ♪ [ male announcer ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. ask your doctor if including advair could help improve your lung function. [ male announcer ] advair diskus fluticasone propionate and salmeter
time to get his second term agenda accomplished, which, of course, includes immigration reform and deficit reduction. alex? >> kristen we will kerr from the white house, thank you so much. >>> to catch a thief. the vanishing act for more than $1 million in jewelry at the world's most famous film festival. tter. so now i can help make this a great block party. ♪ [ male announcer ] advair is clinically proven to help significantly improve lung function. unlike most copd...
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May 20, 2013
05/13
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FOXNEWSW
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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May 14, 2013
05/13
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 15, 2013
05/13
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 20, 2013
05/13
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FBC
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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May 14, 2013
05/13
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 18, 2013
05/13
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for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma white house. the last few reports have been upbeat. this continues the trajectory. it would have had to have been a lot more dramatic to overwhelm one of the worst weeks of the obama administration. >> also coming out of the budget report this week, if enacted the president's budget would cut more than a trillion dollars from the government's budgets. with all that's happening hasn't this budget been forgotten about disregarded by those on the hill. >> both the house and senate budget committees have pass and enboth chambers have passed their versions. t
for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma...
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May 13, 2013
05/13
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...